Tax Law News. Crime Stories, Law on News and Legal Publications in November, 2011

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Goldman buys real estate portfolio from Lehman
MSN MoneyNovember 1, 2011

The sale was previously approved by the bankruptcy court in August. The portfolio is comprised of 10 buildings representing 3 million square feet of space and 30 percent of all commercial real estate in Rosslyn, Va. Monday Properties, which originally ...more »

Time Warner Trims Its Excesses
New York TimesNovember 1, 2011

To him, the company's corporate headquarters in the gleaming towers of the Time Warner Center is an “indulgence,” a giant reminder of past mistakes made by one of the world's largest media companies. “There was a burgeoning overhead reaching $500 ...more »

Tax Law News and Stories

Business Audit Defence
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No Compliance In Another Fire District—Who Cares?
North Country GazetteNovember 18, 2011

While audit after audit conducted by the comptroller's office has indicated gross failings to comply with the law and procedures, there is virtually no enforcement of the law and the taxpayers are the ones being penalized. An audit of the Guilford Fire ...more »

Personal Irs Disputes
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Herman Cain accuser requests permission to address harassment reports
CBS NewsNovember 3, 2011

An officer of the company and the company's attorney handled the negotiations and the settlement. It's unlikely that Cain would have even been given a copy of the settlement. Also please keep in mind that Herman Cain is rich, so if the cases were valid ...more »

Corporate Income Taxes
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Confluence to vote on tax ordinance
Daily American OnlineNovember 1, 2011

The ordinance is in compliance with Act 32, a law standardizing the local earned income tax system by reducing Pennsylvania's number of tax collectors from 560 to 21. It enacts a 1 percent earned income tax for residents and nonresidents who are ...more »

Property Taxes
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DeKalb officials: Library land deal does not break law
Dekalb Daily ChronicleNovember 1, 2011

In a TIF, a local government freezes the tax base from properties within a defined area. Any new property taxes in that district – generally by an increase in property values since the year the TIF started – are diverted into a special fund set up for ...more »

Sales Tax & Use Tax
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Retail Act more about fairness than money by leveling the playing field
West Fargo PioneerNovember 2, 2011

A software package has been developed to make it easier for interstate businesses to comply with sales and use tax laws. Complexity is on the run. While working to remove burdensome compliance problems, the states are now supporting the bipartisan Main ...more »

Estate Taxes & Gift Taxes
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Judge weighs suit over Alabama tax credits
Boston.comNovember 8, 2011

A law giving tax credits to foreign industries that build factories in Alabama, including the first new Chinese plant in Alabama, is facing a legal challenge from the Alabama Education Association. That may result in the Legislature passing the law for ...more »

Tax Evasion Defence
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Tax-Cheat Contractors Stay in US Lawmaker Sights After Repeal
BloombergNovember 1, 2011

When he chaired the Senate Finance Committee in 2006, Charles Grassley, an Iowa Republican, helped create the withholding requirement to clamp down on tax evasion in the contracting ...more »

International Taxation
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Edo govt threatens hoteliers over tax law
VanguardNovember 2, 2011

BENIN CITY-EDO State Government, Tuesday, vowed to commence legal action against hospitality business operators who have failed to register with the state's Board of Internal Revenue as enshrined in the Consumption Tax Law which was ...more »

Tax Planning
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Israel to speed up W. Bank building after UNESCO vote
Jerusalem PostNovember 2, 2011

Move comes after Palestinians gain entry to UNESCO, planning similar moves with other UN agencies; State to halt tax transfers to PA; 'Peace process could be destroyed,' warns Ramallah official. ...more »

Irs Filing & Compliance
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Joining the chorus for tax cooperation
Washington TimesNovember 7, 2011

Thus, foreign financial institutions in Switzerland, Taiwan and elsewhere are pulling their investments out of the United States right at the time when the US needs all of the job-creating foreign investment it can get. Sen. ...more »

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